Saturday, November 22, 2008

Book Review: Red Hot Lies.

That big players in global energy should be in cahoots with environmentalists and climate change alarmists came as something of a shock to Horner.

‘Though I was a fully grown man, I had yet to understand the concept of “rent seeking” or even these “baptist and bootlegger” coalitions.’ Just as prohibitionists and drink smugglers had a common interest in maintaining a ban on alcohol, so big companies that want massive subsidies for renewable energy schemes and the right to sell emissions permits – the nearest thing yet to selling thin air – can find common ground with those who want us all to reduce our ‘carbon footprints’.

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